Hi Everyone- I have posted a couple of time but usually just lurk but I have a couple of questions about the loan process.

1.  I have researched online that the DTI ration should be no more than 25% front-end and 36% back-end.  Is this DTI standard for conventional mortgages as well?  Also I took a loan out on my 401k last year when I was going through a divorce and am currently paying back the loan (taken from my pay) $112 monthly.  Will this monthly loan payment be included in my back-end DTI when applying for a loan?

2.  I have also seen mention that the banks these days require reserves when applying for a mortgage.  Is there a certain amount of reserves (exclusive ot the down-payment) that you a required to have liquid when applying?

Thanks!